Restaurant - Bar and Grill, commercial real estate available

Listing Number: 11421-945229

Listing Details

Restaurant - Bar and Grill, commercial real estate available
Price: $250,000
Location: Tompkins County, New York
  • Down Payment: $100,000
  • Sales: $900,000
  • Seller's Discretionary Earnings: $100,000
  • Inventory: $35,000
  • Furniture, Fixtures, and Equipment: $80,000
  • Rent: $4,500
  • Employees: 14
  • Year Established: 1844
  • Reason for Selling: 40 years of ownership, ready to move on

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For More Information About This Listing
Kevin Everts
President's Club

Business Description

Turnkey Restaurant with real estate purchase option — Prime Location  

An exceptional opportunity to acquire a well-established bar and grill operation within an unique small town setting, with a 12 studio units above the restaurant that are 100% occupied. This offering is ideal for an owner-operator, hospitality group, or investor looking to expand their portfolio with a proven, revenue-generating concept.

Highlights:
Business established in 1844! Current owner since 1986, known throughout CNY.  
Well established customer base with strong repeat and local trade, complemented by in-building tenants 
Full-service bar and dining operation with existing liquor license
Fully equipped commercial kitchen and bar serving American fare - burgers, wings, pizza, chicken parm, fish fry. etc.  
Trained staff in place, supporting a smooth ownership transition
Attractive real estate purchase available - NOI of $166K, purchase for $1.675M 
Strong potential for growth through expanded hours, catering, private events, or menu development.  Sales growth via active intentional marketing and DoorDash delivery.  Profit growth through operational efficiencies and sales growth.    

Why This Opportunity:
This is a rare chance to step into a functioning food and beverage business with built-in demand from renters, without the time and cost of a ground-up buildout. The business benefits from steady walk-in traffic, a loyal local following, and an established brand presence.  Long term stable staff run the day to day operation.  

Confidentiality Notice:
Due to the sensitive nature of this sale, the business name, exact location, and financial details will only be disclosed to qualified buyers who have signed a Non-Disclosure Agreement (NDA). Serious inquiries only — please contact the listing broker/agent for further information and to request financial statements.